Estate Planning

Executor – the individual and/or bank or trust company who, upon your death, administers your estate, e.g., collects assets, pays debts, prepares tax returns, and distributes your net estate in accordance with the terms of your will (most people choose a close family member, relative or friend who is organized and financially responsible).

Trustee – after your estate has been administered, the individual and/or bank or trust company who holds, invests and administers funds in further trust for your named beneficiaries on an ongoing basis for the term of the trust.

Guardian – the individual who is designated to raise your minor children and make all medical and personal care decisions on their behalf.

It is important for us to know both the nature and the approximate value of your assets, as well as the ownership between Persons. Please insert simple descriptions and approximate values of your assets in the appropriate column.

If any asset has a beneficiary designation (e.g., “POD” for payable on death, “TOD” transferable on death, “In Trust For”), please identify the designated beneficiary: Examples:

“First National Bank – savings account – $10,000.00, In Trust For, John Doe”
“Trustworthy Investments – IRA – $300,000.00, beneficiary, Person”
“Jewelry – $5,000.00”
“Vacation home – Avalon, NJ – $100,000.00”